Is Hiawassee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hiawassee was a Seller's Market.
Housing Prices in Hiawassee, GA
How much do homes in Hiawassee, GA cost?
Median Sold Price
$387,400
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hiawassee was $387,400 in May 2024, up 4.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $400K | +158.1% |
2 Bedrooms | $281.2K | $265K | -5.8% |
3 Bedrooms | $379.5K | $437.9K | +15.4% |
4 Bedrooms | $487.5K | $712.5K | +46.2% |
5+ Bedrooms | $1.3M | $925K | -33.2% |
Summary: Hiawassee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 158.1%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes decreased by 33.2%.
Housing Supply in Hiawassee, GA
How many homes are available in Hiawassee, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
146 | 198 | +35.6% |
Summary: The Hiawassee real estate market had 198 homes for sale in May 2024, a 35.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 30 | 43 | +43.3% |
3 Bedrooms | 78 | 96 | +23.1% |
4 Bedrooms | 32 | 45 | +40.6% |
5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The Hiawassee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 43.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 40.6%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Hiawassee in May 2024, down by 37.5% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hiawassee, GA
How long does it take to sell a home in Hiawassee, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 29 Days | -55.3% |
Summary: Homes in Hiawassee had an average of 29 days on market in May 2024, down by 55.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Hiawassee; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.